Orano is lodging a second arbitration procedure vis à vis the State of Niger in order to assert its rights following the loss of operational control of SOMAÏR. The Group has filed its request for arbitration with the International Centre for Settlement of Investment Disputes (ICSID). This litigation is now Orano’s last possible recourse, after …
Saudi Arabia plans to monetize all minerals, including by selling uranium, Saudi energy minister Prince Abdulaziz bin Salman said on Monday. “We will enrich it and we will sell it and we will do a ‘yellowcake,’” Prince Abdulaziz told a conference in Dhahran, referring to a powdered concentrate of the mineral used to prepare uranium …
China has discovered a substantial uranium deposit in the Jingchuan area of the Ordos Basin in the northwestern region of the country, the China Geological Survey under the Ministry of Natural Resources announced on Friday in a press release sent to the Global Times. The discovery will significantly increase the country’s uranium resources and effectively …
National Atomic Company “Kazatomprom” JSC (“Kazatomprom” or “the Company”) announces a temporary suspension of production activity, effective 1 January 2025, at block No. 1 of the Inkai deposit. The deposit is located in the Sozak district of the Turkestan region and is operated by JV Inkai LLP. In accordance with the Subsoil and Subsoil Use …
Orano has opened international arbitration proceedings against the State of Niger following the withdrawal of its mining license for IMOURAREN, dated 19 June 2024. This move comes after several months of unsuccessful attempts at mediation and conciliation. The announcement of the withdrawal of the license took place when Orano presented the State of Niger with …
Uranium One Group, a subsidiary of State Atomic Energy Corporation Rosatom. has announced its withdrawal from uranium projects in Kazakhstan. This decision coincides with Kazakhstan’s ongoing selection of operators for a consortium tasked with constructing the country’s first nuclear power plant. According to Kazatomprom (KAP), Uranium One Group has sold its 49.979% stake in the Zarechnoye joint …
Third-quarter 2024 U.S. production of uranium concentrate (U3O8) in the third quarter of 2024 totaled 121,296 pounds U3O8, a 24% increase from second quarter’s production of 97,709 pounds U3O8. This quarter’s total uranium production occurred at five facilities, three in Wyoming (Nichols Ranch ISR Project, Lost Creek Project, and Smith Ranch-Highland Operation) and two in …
Australia’s opposition leader, Peter Dutton, has unveiled a A$311 billion ($211bn) plan to introduce nuclear power into the country’s energy mix, a proposal that could radically alter the nation’s energy policy and its uranium mining industry. The scheme, based on an economic modelling by Frontier Economics, proposes the construction of seven nuclear power plants by 2050, …
Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming President Donald Trump carries out his threat to impose broad tariffs. Export levies would be a last resort for Canada, according to officials familiar with the discussions inside Prime Minister …
Momentum for quitting Moscow’s revenue driver has stalled. “Something new needs to happen,” Dan Jørgensen told POLITICO. Dan Jørgensen is making it his “main priority” to craft a plan that will finally sever all European Union energy links with Russia. In his first interview since taking office as the EU’s new energy chief, Jørgensen warned …
